Daily Archives: April 19, 2017

Depreciation allowed on landscape expenses on uneven leasehold land

By | April 19, 2017

Held The assessee has incurred the landscape expenses on the leasehold land situated at Sikkim Unit to level the uneven land for construction of factory building. Since the same has been disallowed as capital in nature, the same should be included in the block of building and the assessee would be entitled for depreciation @10%.… Read More »

Cabinet approves procurement of Voter Verifiable Paper Audit Trail in Elections

By | April 19, 2017

Cabinet approves procurement of Voter Verifiable Paper Audit Trail Units for use in the General Elections, 2019 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for procurement of Voter Verifiable Paper Audit Trail (VVPAT) Units for use in the General Elections, 2019 for a)    purchase of  16,15,000 Voter… Read More »

Cabinet gives approval for introduction of Constitution (123 rd Amendment) Bill 2017

By | April 19, 2017

Cabinet gives approval for introduction of Constitution (One Hundred and Twenty-third Amendment) Bill 2017 and (ii) National Commission for Backward Classes (Repeal) Bill, 2017 in the Parliament Approval also granted for retention of posts and office premises for the proposed new National Commission for Backward Classes The Union Cabinet chaired by the Prime Minister Shri… Read More »

Section 124 CGST Act 2017 Fine for failure to furnish statistics.

By | April 19, 2017

Section 124 CGST Act 2017 [ Section 124 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 124 CGST Act 2017 explains fine for failure to furnish statistics and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 123 CGST Act 2017 Penalty for failure to furnish information return

By | April 19, 2017

Section 123 CGST Act 2017 [ Section 123 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 123 CGST Act 2017 explains Penalty for failure to furnish information return and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS… Read More »

Section 122 CGST Act 2017 Penalty for certain offences.

By | April 19, 2017

Section 122 CGST Act 2017 [ Section 122 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 122 CGST Act 2017 explains Penalty for certain offences and is covered in Chapter XIX – Offences and Penalties [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES TAX… Read More »

Section 121 CGST Act 2017 Non-appealable decisions and orders.

By | April 19, 2017

Section 121 CGST Act 2017 [ Section 121 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 121 CGST Act 2017 explains Non-appealable decisions and orders  and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL GOODS AND SERVICES… Read More »

Section 120 CGST Act 2017 Appeal not to be filed in certain cases

By | April 19, 2017

Section 120 CGST Act 2017 [ Section 120 CGST Act 2017 Notified w.e.f 01.07.2017 vide Notification No. 9/2017 – Central Tax Dated 28th June, 2017 ] Section 120 CGST Act 2017 explains appeal not to be filed in certain cases and is covered in Chapter XVIII -Appeals and Revision [Note : CGST Act 2017 also known as CENTRAL… Read More »